Cosmeceuticals Market Set to Grow at a CAGR of 7.60% During 2024

Posted on 2018-11-22 by Goldstein Research in Consumer Services // 0 Comments

New York, USA, 2018-Nov-22 — /EPR Network/ —According to Goldstein Research, global cosmeceuticals market is expected to reach USD 78.29 billion by 2024 from USD 43.57 billion in 2016, growing at a CAGR of 7.60% over the forecast period 2016-2024. Growing inclination towards premium cosmetics and personal care products over costly surgeries is one of the major drivers for the growth of cosmeceuticals market. Global cosmeceuticals market segmentation has been done on the basis of product type, ingredient type, distribution channel, end user and geography. Based on product type, skin care occupies a colossal share of cosmeceuticals followed by hair care. Over 55% of share was occupied by skin care application segment in 2016. Global cosmeceuticals market is largely dominated by North America with alone the U.S. occupying more than 80% market share in 2016.

On the other hand, Europe cosmeceuticals market size is anticipated to grow at a CAGR of 7.1% during the forecast period.

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Market Segmentation

On the basis of our in-depth analysis, Global Cosmeceuticals Market can be segmented as follows:

Based on Product Type

Skin care Cosmeceuticals
Anti-Ageing
Anti-Acne
Sun protection
Moisturizers
Other Skin Care Products
Hair care Cosmeceuticals
Anti-Hair Fall
Anti-Dandruff
Hair Colorants and Dyes
Other Hair Care Products (Hair Nourishment)
Injectable Cosmeceuticals
Botulinum Toxin-Based Injectable Cosmeceutical
Dermal/Tissue Fillers
Others
Oral care Cosmeceuticals
Make-up Cosmeceuticals
Other Cosmeceuticals (Body Slimming, Breast Enhancers, Nail, Hand & Foot care products)

Based on Ingredients Type

Anti-Oxidants
Sunscreens
Botanicals
Peptides & Proteins
Exfoliants
Moisturizers
Retinoids
Others (Proteins, Enzymes, Botanicals)

Based on Distribution Channel

Offline Distribution Channel
Supermarkets and Convenience Stores
Drugstores
Specialty Stores
Online Distribution Channel

Based on End-User

Men
Women

By Region

North America Cosmeceuticals Market Analysis, 2016-2024
Europe Cosmeceuticals Market Analysis, 2016-2024
Middle East And Africa Cosmeceuticals Market Analysis, 2016-2024
Latin America Cosmeceuticals Market Analysis, 2016-2024
Asia Pacific Cosmeceuticals Market Analysis, 2016-2024
Rest Of The World Cosmeceuticals Market Analysis, 2016-2024

“Global Cosmeceuticals Market Outlook 2024” contains a detailed overview of the global cosmeceuticals market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by product type, ingredient type, distribution channel, end user and geography.

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The Global Cosmeceuticals Market Report highlights the competitive outlook of major global players that includes the business strategies, product portfolio, revenue distribution, financial analysis, R&D activities and investments. The in-depth analysis of the cosmeceuticals market report will help the clients to assess their business strategies as per the competitive environment in the market space.

Major players of the global cosmeceuticals market discussed in the report are: Johnson & Johnson, Beiersdorf, L’Oréal, Proctor & Gamble, Shiseido, Unilever, Amway, Kao, LVMH, Mary Kay, O Boticário, Revlon, Tom’s of Maine, AVON Beauty Products, Burberry, INVERSIONES AVI AMERICA, Chanel, Chatters Canada, Clarins, Combe, Conair, Coty, Edgewell Personal Care, Henkel, Helen of Troy, Bayer, Elementis, Croda International,Estee Lauder,etc.

Further, Global Cosmeceuticals Market Report encompasses the major trends & growth opportunities, market dynamics and other growth factors. The Cosmeceuticals Market outlook also comprises of key challenges for the market players, risk analysis, SWOT Analysis, BPS analysis, and Market Attractiveness. The report also includes the expert analysis which provides a complete overview of the market post analysis of the economic, political, environmental & social factors of each region and country.

Global cosmeceuticals market is further bifurcated in various segments with separate market analysis mentioned below:

Middle East Luxury Cosmetics Market

The Middle East showcase solid growth rate globally, overall cosmetic industry growth is promising related to historic period. Luxury cosmetics market in Middle East to expand at a CAGR of 8.6% during the forecast period 2017-2025. Moreover, the market is projected to reach USD 14.3 Billion by 2025 owing to growing per capita spending over premium cosmetic products.

Middle East Cosmetics Market

The Middle East showcase solid growth rate globally, overall cosmetic industry growth is promising related to historic period. Middle East cosmetics market to expand at a CAGR of 6.4% during the forecast period 2017-2025. Moreover, the market is projected to reach USD 32.2 Billion by 2025 owing to growing market for natural products, personalized products and services majorly in GCC countries.

UAE Cosmetics Market

Consumers in UAE are highly attracted towards the premium cosmetic products and the growth is also majorly driven by the foreign tourists in the country. Moreover, UAE’s premium cosmetic products market share is anticipated to increase from 48% in 2017 to 50% by 2020. UAE cosmetics market to expand at a CAGR of 5.3% during the forecast period 2017-2025. Moreover, the market is projected to reach USD 4.1 Billion by 2025.

Saudi Arabia Cosmetics Market

Saudi Arabia cosmetics market is expected to reach USD 234.5 billion by the end of 2024 from USD 176.4 billion in 2016, growing at a CAGR of 3.6%. Major driving factors in the growth of Saudi Arabia cosmetics market are high disposable income of people in the country and a growing number of working women. Further, a major trend in the Saudi Arabia cosmetics market is the increasing penetration of natural and personalized products in Saudi Arabia region.

Global Cosmetics Industry

The cosmetics industry is one of those industries which faces the least impact from the economic ups & downs. The perks of e-commerce has not only benefitted the companies but also the consumers in terms of pricing & vast range of options available to them. Moreover, new customers have also been attracted through the online distribution route. Global cosmetics market size is anticipated that by 2025 the market will be valued at nearly at USD 640.0 billion, expected to be growing at a CAGR of 3.90% during the forecast period.

Global Dead Sea Mud Cosmetic Market

The mud and salts extracted from the Dead Sea, the world’s saltiest water body, are extremely beneficial for the skin and hair. Dead Sea mud is rich in minerals like magnesium, Calcium and Potassium, among others. Global Dead Sea mud cosmetics market was valued at USD 1.2 Billion in 2015, and is expected to reach USD 3.2 Billion by the end of 2024. Furthermore, the market is expected to expand at a CAGR of 14.2 % during the forecast period i.e. 2016-2024.

Halal Cosmetics Market

The halal cosmetics do not contain any kind of alcohol, petrochemicals, fatty acids and ingredients that are obtained from the animals like pig. The basic motive behind these products is to provide clean, pure and the products which do not contain any kind of ingredient which is not acceptable by the Islam. Halal cosmetics market accounted for USD 12.6 Billion in 2015 and the market is expected to reach USD 21.4 Billion by the end of 2024. Further, the market is anticipated to expand at a compound annual growth rate of 6.8% over the forecast period i.e. 2016-2024.

Beauty Supplements Market

Beauty supplements are used to enhance and improve any kind of nutrient deficiency in human body, in form of pills, capsules, powdered or liquid form. Global beauty supplements market accounted for USD 3.5 Billion in 2016 and the market is expected to reach USD 6.8 Billion by the end of 2024. Further, the market is anticipated to expand at a compound annual growth rate of 8.6% over the forecast period i.e. 2016-2024.

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